Financial Times FT.com

Johnston reports more pain for papers

By Ben Fenton

Published: August 27 2008 07:58 | Last updated: August 27 2008 07:58

Johnston Press has illustrated the worsening conditions for Britain’s regional newspaper sector by reporting a loss and providing a grim forecast for the rest of the year.

The publisher of The Scotsman and Yorkshire Post said advertising revenues in the first six months of the year fell 9.5 per cent in spite of a 52 per cent increase in sales from its websites.

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